Philippine Banknotes: 1981 10 Piso Ferdinand Marcos Overprint

On June 16, 1981, a presidential election was held. President Marcos won the election on a landslide victory with an 80% margin, making it the most lopsided presidential election ever in the country.

Marcos was sworn into power for the third time on June 30, 1981 at the Quirino Grandstand. In attendance was then U.S. Vice President George H.W. Bush.

To commemorate his third inauguration, Bangko Sentral ng Pilipinas was commissioned to release a commemorative overprint on the 10 Peso banknote of the “Ang Bagong Lipunan” series notes.

1981 10 PISO Marcos Overprint

“PANGULO NG PILIPINAS”
(President of the Philippines)
Bust of President Marcos
“FERDINAND E. MARCOS”
“HUNYO 30, 1981”
(June 30, 1981)

The opposition, UNIDO, boycotted the election. Apparently, the election would not be legitimate without a candidate from the opposition. Marcos allegedly coerced the Nacionalista Party to find a candidate to oppose him. Alejo Santos, then Bulacan Governor, was chosen to be Marcos’ opponent. With this, Marcos won overwhelmingly.

Benigno “Ninoy” Aquino Jr., who was 48 years old at the time and in exile in Massachusetts, was not allowed to participate since only people over 50 years of age were allowed to be a presidential candidate.

I got this banknote from an antique shop. Not a place where one would expect to find banknotes. It wasn’t cheap, but it was worth it.

Enjoy!

~ by MAV on January 7, 2015.

Posted in Overprints, Philippine Banknotes
Tags: 10 Piso, 10 PISO ang bagong lipunan overprint, 1981 Philippine elections, Alejo Santos, ANG BAGONG LIPUNAN, Bangko Sentral Ng Pilipinas, banknote collector, barya, barya at perang papel, coin collector, coin collector in the philippines, collector of philippine coins, collector of philippine currency, Cory Aquino, description of old bsp coins and bills obverse, FERDINAND E. MARCOS, June 30 1981, Kilusang Bagong Lipunan, Marcos overprint, money, Ninoy Aquino, perang papel, philippine banknote collector, philippine coin collector, Philippine peso, piso, President Ferdinand Marcos, President Marcos, President of the Philippines, presidential candidate, presidential election, Quirino Grandstand, Republika ng Pilipinas

7 Responses to “Philippine Banknotes: 1981 10 Piso Ferdinand Marcos Overprint”

“it wasn’t cheap”? like how much? this note can be purchased from BSP at P10 each! D:

btw, nice blog! na-inspire ako mag collect ulit 🙂

Anne said this on March 6, 2015 at 3:21 pm | Reply
- Hi. Thanks for visiting my blog. I got this for 50 Pesos. I know it’s a rip off price, but BSP is not exactly very accessible. Cash department is only open from 11 AM to 12 Noon, on weekdays. Btw, do you work for BSP?
  
  MAV said this on March 7, 2015 at 6:15 am | Reply
hindi po, pero sa bangko rin ako nagta-trabaho. 🙂

Anne said this on March 13, 2015 at 1:05 pm | Reply
Hi! I just wanna ask if the Marcos 500-peso bill is legitimate? I’ve seen the information here: http://philmoney.blogspot.com/2014/06/500-peso-ferdinand-marcos-banknote.html

Thank you! 🙂

BrainRays said this on April 1, 2015 at 12:02 pm | Reply
- I have not seen one personally, but most collectors confirm its legit. however, most of it were destroyed when Marcos was removed from power.
  
  MAV said this on April 5, 2015 at 9:05 am | Reply
  - So I assume it’s extremely rare. Thank you for the information! 🙂
    
    BrainRays said this on April 7, 2015 at 12:37 am
  - It is extremely rare. My guess is that only people inside Bangko Sentral were able to get a hold of the remaining prints on the bill. It would be nice to own the engraving plates for this banknote.
    
    MAV said this on April 9, 2015 at 1:18 pm

Barya at Perang Papel